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Innovations can be more than Economic Incentives

Josef HochgernerZentrum für Soziale Innovation (ZSI)

In this article Josef Hochgerner from the Zentrum für Soziale Innovation (ZSI) in Austria argues that innovations can be motivated by more than just economic incentives. The article argues that innovation can also be inspired by social and environmental considerations.

The article begins with a brief historical account of economic theories, before moving on to the development of the new field of social innovation, and argues for its importance in disciplines such as international politics, economics and science. The influence of social innovation is evident both from the growing number of institutions dedicated to social innovation research and/ or practical support, as well as in political letters of intent, conferences and documents that address the topic.